Seller's Agent in 2019
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
1 in this area
80 Total Sales
1969 Cedar Ave Long Beach, CA 90806
South Wrigley Neighborhood
6
Beds
4
Baths
5,886
Sq Ft
8,256
Sq Ft Lot
About This Home
As of March 2019The property is comprised of two buildings: a two-bedroom/one-bath house with a large private patio in the rear, and a two-story building with two one-bedroom/one-bath units and three three-bedroom/two-bath units. The property offers A/C in all units and on-site laundry facilities. Parking is available, with four private garages and a long driveway along the front house to accommodate multiple cars. Recent renovations include a new roof on the rear building, upgraded electrical systems, mostly upgraded plumbing and replacement of most water heaters. Exterior improvements include fresh new paint and attractive, low-maintenance landscaping. 1969 Cedar Avenue provides investors the opportunity to own a turnkey asset in a Downtown-adjacent neighborhood.
Last Agent to Sell the Property
Keller Williams Realty Downey License #01456379 Listed on: 10/17/2018
Co-Listed By
Mark Witsken
KW Advisors License #01884724
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1955
Lot Details
- 8,256 Sq Ft Lot
- Two or More Common Walls
- Corner Lot
- Density is 6-10 Units/Acre
Parking
- 2 Open Parking Spaces
- 4 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Property Attached
Interior Spaces
- 5,886 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 8
- Tax Tract Number 5730
- Assessor Parcel Number 7209026012
Community Details
Overview
- 2 Buildings
- 6 Units
Building Details
- 7 Separate Electric Meters
- 2 Separate Gas Meters
- 6 Separate Water Meters
- Electric Expense $825
- Fuel Expense $825
- Gardener Expense $600
- Insurance Expense $2,354
- Maintenance Expense $2,250
- Other Expense $1,050
- Pest Control $500
- Professional Management Expense $6,641
- Trash Expense $825
- Water Sewer Expense $825
- New Taxes Expense $29,514
- Operating Expense $46,709
- Gross Income $132,810
- Net Operating Income $86,101
Additional Features
- Laundry Facilities
- Gated Community
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 17, 2018
Closed on
Feb 7, 2019
Sold by
Bought by
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Dale Jervis
Century 21 Jervis & Associates
List Price
$1,895,000
Sold Price
$1,775,000
Premium/Discount to List
-$120,000
-6.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$915,000
Interest Rate
0.01%
Mortgage Type
Construction
Purchase Details
Listed on
Jun 29, 2017
Closed on
Sep 14, 2017
Sold by
Bought by
Seller's Agent
Greg Sorah
S & L Property Sales
Buyer's Agent
Greg Sorah
S & L Property Sales
List Price
$1,450,000
Sold Price
$1,355,000
Premium/Discount to List
-$95,000
-6.55%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.01%
Original Mortgage
$835,000
Interest Rate
0.0393%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 13, 2012
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$558,600
Interest Rate
0.0336%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
May 27, 2004
Sold by
Bought by
Purchase Details
Closed on
Sep 6, 2001
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
0.0663%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,775,000 | Old Republic Title | ||
| $1,335,000 | Western Resources Title Co | ||
| $798,000 | Fidelity Natl Title Ins Co | ||
| -- | -- | ||
| $308,000 | Lawyers Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $915,000 | ||
| Closed | $835,000 | ||
| Closed | $558,600 | ||
| Closed | $231,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/15/2019 03/15/19 | Sold | $1,775,000 | -1.1% | $302 / Sq Ft | |
| 01/25/2019 01/25/19 | Pending | -- | -- | -- | |
| 01/08/2019 01/08/19 | Price Changed | $1,795,000 | -1.6% | $305 / Sq Ft | |
| 11/01/2018 11/01/18 | Price Changed | $1,825,000 | -3.7% | $310 / Sq Ft | |
| 10/17/2018 10/17/18 | For Sale | $1,895,000 | +39.9% | $322 / Sq Ft | |
| 09/21/2017 09/21/17 | Sold | $1,355,000 | -6.6% | $230 / Sq Ft | View Prior Sale |
| 07/20/2017 07/20/17 | Pending | -- | -- | -- | |
| 06/30/2017 06/30/17 | For Sale | $1,450,000 | +7.0% | $246 / Sq Ft | |
| 06/29/2017 06/29/17 | Off Market | $1,355,000 | -- | -- | |
| 11/20/2012 11/20/12 | Sold | $798,000 | 0.0% | $136 / Sq Ft | View Prior Sale |
| 11/13/2012 11/13/12 | Pending | -- | -- | -- | |
| 08/29/2012 08/29/12 | For Sale | $798,000 | -- | $136 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $31,088 | $1,980,042 | $892,413 | $1,087,629 |
| 2024 | $29,913 | $1,941,218 | $874,915 | $1,066,303 |
| 2023 | $29,486 | $1,903,156 | $857,760 | $1,045,396 |
| 2022 | $27,944 | $1,865,841 | $840,942 | $1,024,899 |
| 2021 | $27,467 | $1,829,256 | $824,453 | $1,004,803 |
| 2020 | $27,407 | $1,810,860 | $816,000 | $994,860 |
| 2019 | $22,138 | $1,362,060 | $612,000 | $750,060 |
| 2018 | $23,409 | $1,335,360 | $600,000 | $735,360 |
| 2016 | $10,548 | $830,105 | $364,081 | $466,024 |
| 2015 | $10,138 | $817,637 | $358,613 | $459,024 |
| 2014 | $10,090 | $801,622 | $351,589 | $450,033 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Stepp
-
M
Seller Co-Listing Agent in 2019
Mark Witsken
KW Advisors
-
Dale Jervis
Buyer's Agent in 2019
Dale Jervis
Century 21 Jervis & Associates
(562) 862-2226
69 Total Sales
-
Greg Sorah
Seller's Agent in 2017
Greg Sorah
S & L Property Sales
(714) 804-0737
12 Total Sales
-
Gary Tolfa
Seller's Agent in 2012
Gary Tolfa
Triqor Group
(949) 756-3232
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW18252269
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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